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פּוֹפּוּלָרִי Word Problems >

Edward deposited 1,899 in an account earning 10% interest compounded annually.To the nearest cent, how much will he have in 1 year?

פתרון

E d w a r d d e p os i t e d 1, 899 in an a cco u n t e a r nin g 10% in t eres t co m p o u n d e d ann u a ll y . T o t h e n e a res t ce n t, h o w m u c h w i ll h e ha v e in 1 ye a r ?

פתרון

Amount : 2088.9

צעדי פתרון

Translate the problem into an equation:

A = 1899 (1 + \frac{0.1}{1})^{1 \cdot 1}

1899 (1 + \frac{0.1}{1})^{1 \cdot 1} = 2088.9

Amount : 2088.9

דוגמאות פופולריות

David invested 4,000 for 2 years at a simple interest rate of 6%. How much interest did he earn?Find the area of a circle with a radius of 21 inches.find the circumference of a circle with an area of 615.75 the product of pragati,s age 2 years ago and 3 years hence is numerically 84 find her present age Pedro opened a savings account 8 years ago. The account earns 7% interest, compounded monthly. If the current balance is 800.00, how much did he deposit initially?